Commodities Buzz: Improved Mining Earnings Witnessed by Barloworld

Improved mining activity lifted sales of heavy equipment for Barloworld, a dealer for Caterpillar, which was behind a 14% increase in interim earnings. The biggest revenue increase came from its equipment businesses in Southern Africa, its biggest market, led by mining machine sales in South Africa, Mozambique and Zambia, said media reports which cited a company announcement. An equipment business in Russia also continued to benefit from greenfield and brownfield mining projects